Sotheby's Arcade | New York Auction Totals $525,300

A work by Apollo 11 was the headline sale at Sotheby's 'Arcade | New York' auction on August 19-26 in New York.

• The sale totaled $525,300, meeting the pre-sale estimate.

Snapshot of the sale

• 147 works sold totaling $525,300.
• Estimates totaled: $474,600 (low) and $701,000 (high), excluding premiums.
• The sell-through rate was 99% of the original 148 lots announced.

The star lot was: Apollo 11, "Visor Shot" of Buzz Aldrin at Tranquility Base (Undated), which sold for $44,800, 179,100% above its $25 low estimate.

The outperformer sold for 179100% above its low estimate. Apollo 11, "Visor Shot" of Buzz Aldrin at Tranquility Base (Undated), sold for $44,800 ($25 low estimate).

• 38 works, or 26%, sold above their high estimate.
• 34 works, or 23%, sold within their low and high estimate.
• 75 works, or 51%, sold below their low estimate.
• 0 sold with undisclosed estimates.

Guaranteed sales

8 works were backed by guarantees, including: Nicolas Carone, Untitled (1952). It sold for $7,680, 53% above its $5,000 low estimate.. It has not been traded before.

Works that did not sell

0 works were bought-in.

Withdrawn before the sale

1 work was withdrawn before the sale: Supreme/Brooklyn Machine Works, 24” BMX Cruiser Bike (Undated), estimated at $20,000 (low) to $30,000 (high).

Terms and definitions

All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Sale prices are compared to the auction house’s low estimate, which do not include premiums.

Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.

Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.

Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.

Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.